Written by ForexBrokers.com
In this head to head comparison of FXOpen vs Libertex (Forex Club), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing FXOpen and Libertex (Forex Club) in terms of their regulatory status and trustworthiness, both online brokers present distinct profiles. Founded in 2003, FXOpen is backed by two Tier-1 licenses, which ForexBrokers.com considers highly trusted. Although FXOpen is not publicly traded or a bank, it maintains a ForexBrokers.com Trust Score of 76, suggesting an average risk level for potential investors.
On the other hand, Libertex, established in 1997, holds one Tier-1 license, aligning it with a status of high trust in regulatory terms, but just behind FXOpen in numbers. Like its counterpart, Libertex isn’t publicly listed nor a banking institution. With a ForexBrokers.com Trust Score of 73, it also falls under the average risk category, making both brokers comparable in terms of risk, with slight variations in regulatory standing.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2003 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing FXOpen and Libertex (Forex Club) for commissions and fees, it becomes clear that FXOpen provides a more competitive offering. FXOpen is rated 4 out of 5 stars in this category and is ranked #45 out of 62 brokers by ForexBrokers.com. Although specific data on average spreads is not available, FXOpen is generally seen as offering fair and reasonable costs for traders.
On the other hand, Libertex (Forex Club) receives a lower rating of 3 out of 5 stars for its commissions and fees. This broker falls towards the bottom in this category, with a ranking of #61 out of 62 brokers. Without specific average spread data, it is challenging to pinpoint its exact competitiveness, but the lower rating suggests higher costs compared to many other brokers.
Overall, FXOpen is better positioned to offer more cost-effective trading solutions compared to Libertex (Forex Club), according to their ratings and rankings within the commissions and fees category. Traders looking to minimize their costs may find FXOpen to be the more attractive option of the two.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available with FXOpen and Libertex (Forex Club), both platforms provide forex trading options through CFDs or spot contracts. However, Libertex offers a broader selection, encompassing 300 tradeable symbols compared to FXOpen's 87. Forex enthusiasts will find more pairs with Libertex, which lists 51 pairs, while FXOpen provides 25. Neither broker offers exchange-traded securities on U.S. or international exchanges, so users won't find options to buy shares such as Apple or Vodafone directly.
Cryptocurrency investors will discover similar offerings between the two brokers, as neither supports the purchase of actual cryptocurrencies; however, both have cryptocurrency derivatives available. For those interested in copy trading, both FXOpen and Libertex provide this feature. Despite their offerings, in the Range of Investments category, FXOpen holds a rating of 3 stars and ranks 61st out of 62 brokers on ForexBrokers.com. Libertex slightly edges ahead with a rating of 3.5 stars and ranks 53rd, reflecting a marginally more diverse investment range.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 300 |
| Forex Pairs (Total) | 25 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of FXOpen and Libertex (Forex Club), both brokers offer a range of appealing features for traders. FXOpen provides a straightforward experience with widely-used platforms like MetaTrader 4 and MetaTrader 5, while Libertex offers its own proprietary platform alongside MetaTrader 4. Both brokers support various trading options including paper trading, desktop downloads for Windows, browser-based platforms, and copy trading capabilities. While both brokers boast a four-star rating in trading platforms and tools, FXOpen also supports ZuluTrade, setting it apart for those interested in social trading. Libertex holds a slight edge in charting tools, offering more drawing options for technical analysis enthusiasts.
Technical analysis is further enriched at Libertex with 30 drawing tools compared to FXOpen's 15, allowing greater exploration for those keen on detailed chart work. Both brokers enable trades directly from stock charts and provide seven columns for watch lists, supporting a streamlined trading experience. Despite their four-star ratings, FXOpen is ranked 53rd, and Libertex sits slightly higher at 50th in the Trading Platforms and Tools category by ForexBrokers.com. This suggests a close contest between the two, with each offering specific strengths depending on the trader’s needs, such as platform preference and the desire for additional social trading options like ZuluTrade with FXOpen.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXOpen and Libertex (Forex Club) both offer highly functional mobile trading apps that cater to iPhone and Android users. They provide features such as stock and forex price alerts and the ability to draw trendlines on charts. For technical analysis enthusiasts, both apps support 30 technical studies for in-depth charting, alongside offering the option to view multiple time frames, whether daily, weekly, or intraday. Users can also create watchlists with real-time quotes; however, FXOpen does not support syncing watchlist symbols with an online account, which is a feature available on Libertex. Unfortunately, neither app saves drawings on charts automatically, meaning users will have to redraw every session.
When it comes to user satisfaction, both FXOpen and Libertex have a 4-star rating for their mobile trading apps. Despite their strong individual performances, Libertex has a slight edge with a ranking of #49 in ForexBrokers.com's Mobile Trading Apps category compared to FXOpen's ranking of #54 out of 62 brokers. Whether you choose FXOpen or Libertex, both platforms offer reliable and feature-rich mobile trading experiences, but the syncing capability might make Libertex more appealing for users who value seamless integration between devices.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXOpen and Libertex (Forex Club) both seek to provide traders with informed market insights, though they bring different offerings to the table. FXOpen uniquely offers daily market commentary to keep traders updated and engaged, an advantage over Libertex, which does not provide this feature. Both platforms ensure their users have access to forex news from top-tier sources, including Bloomberg, Reuters, and Dow Jones, aiming to enhance the trading experience with credible information. Traders looking for technical or fundamental analysis tools from Autochartist or Trading Central may find neither platform has these specific features, as both lack such integrations.
When evaluating sentiment-based trading tools and market research capabilities from companies like TipRanks or Acuity Trading, neither FXOpen nor Libertex offers these resources. However, both do provide an economic calendar, giving insights into current and upcoming global economic events. Despite the similarities in research resources, both brokers share a middling research rating of three out of five stars. Notably, in the research rankings by ForexBrokers.com, FXOpen is positioned at #62 among 62 brokers, while Libertex edges slightly higher at #60, underscoring the competitive nature of market research capabilities in the industry.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources aimed at newcomers, FXOpen and Libertex (Forex Club) both have room to grow. FXOpen does not provide a substantial collection of educational materials focused on forex or CFDs, while Libertex offers a minimum of 10 such resources, making it more appealing for beginners looking to learn the basics. Neither broker hosts regular live educational webinars or maintains an archive of past sessions. However, FXOpen stands out by offering an investor dictionary with an extensive list of over 50 investing terms, which can be particularly useful for beginners seeking to build a foundational understanding of trading terminology.
In terms of educational content for seasoned traders, Libertex offers a selection of advanced videos, whereas FXOpen does not. Both FXOpen and Libertex are rated three stars for their educational offerings, reflecting modest educational support compared to other brokers. As ranked by ForexBrokers.com, both brokers are positioned near the bottom end of the list for educational resources, with FXOpen at #58 and Libertex just ahead at #57 out of 62 brokers. This suggests that while both platforms have valuable features, there is significant potential for enhancement.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FXOpen is better than Libertex (Forex Club). FXOpen finished with an overall rank of #54, while Libertex (Forex Club) finished with an overall rank of #60.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 73 |
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Both FXOpen and Libertex (Forex Club) do not provide the option to buy actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers FXOpen and Libertex (Forex Club), FXOpen provides Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals but lacks ACH, SEPA, and PayPal, while Libertex supports ACH, SEPA, PayPal, Skrill, and bank wires, yet does not offer Visa or Mastercard.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FXOpen | Libertex (Forex Club) | |
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| Trust Score | 76 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | Libertex (Forex Club) | |
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| Research Gallery (click to expand) | |||
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| Regulation | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 76 | 73 | |
| Year Founded | 2003 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 300 | |
| Forex Pairs (Total) | 25 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
| Overall | FXOpen | Libertex (Forex Club) | |
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| Trust Score | 76 | 73 | |
| Winner | check_circle | ||
| Review |
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